While China is to control inflation is accelerating. Have currency exchange rate inflows into the economy of China. Very high second in the history of the country. Associate of April. Network. In 2008, when the capital flows from foreign exchange A total of 525,000 million yuan from the news reports of the Beijing News reported on Saturday (26 November).
Expansion of the current foreign exchange in October. In part by China's trade surplus exceeded the increase of 27,200 million U.S. dollars. And funds from foreign direct investment, or between October and SDI. equal to 7700 million U.S. dollars.
The rate of return on land dragon rose more than in developed. Make speculative capital flows. Or hot money flowing into Chinese deluge. Increase of 42,800 million U.S. dollar deficit.
Beijing News quoting you, Mr. Ching Ming, an economist Annual Construction Bank of China, "China has entered into a high interest rate cycle. And increasing pressure from the current capital inflows. "
In the past month. Chinese central bank interest rates for the first time in nearly three years, those analysts predicted that interest rates will be up again in the near future.
Signal intensity of control financial sector, China also appears out of the month (November 2010) Bank of China has the cash reserve ratio of banks to lend 18 percent of total was the second time this year, China increased its rate. cash reserves and then 3 times.
Mr. Loo Zheng Wei economist of Bank of China, Industrial. Commented that "If the capital inflows to China have continued. Add a half-percent cash reserve ratio would not be enough to control the money supply has increased. Central bank cash reserve ratio should increase from 1 percent to 1.5 points. "
The international reserves of China. Whose value is the highest in the world at the end of July. Network. Totaled 2.64 trillion U.S. dollars, compared with 2.45 trillion in June.
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